Wells Mobile Home Village | 2431-2433 Central Ave
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Wells Mobile Home Village 2431-2433 Central Ave
22 Unit Mobile Home Park $2,561,001 ($116,409/Unit) 7.65% Cap Rate Canon City, CO 81212
Executive Summary
Welcome to Canon City’s Central Avenue Mobile Home Community, a hidden gem nestled in the breathtaking beauty of Canon City, Colorado. This charming mobile home park features 23 park-owned, renovated units 2 being stick-built homes. With a nearly 100% occupancy rate and an average monthly rent of $1200, this property promises a steady and reliable income stream for investors looking for 7+% cap rate investment opportunities. As an added bonus, the property has 4100 square foot building that currently sits vacant. This versatile space offers an excellent opportunity for further income generation. This mobile home park is more than just a real estate investment; it's a well-maintained, income-generating asset set against the backdrop of Canon City's natural beauty. With renovated units, stick-built homes, and additional rental potential, this property offers a unique blend of stability and growth, making it an exceptional opportunity for investors looking to capitalize on the thriving Canon City real estate market.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,561,001 | Building Class | C |
| Price Per Unit | $116,409 | Lot Size | 3.50 AC |
| Sale Type | Investment | Building Size | 21,270 SF |
| Cap Rate | 7.65% | Average Occupancy | 99% |
| No. Units | 22 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1975/2022 |
| Property Subtype | Manufactured Housing/Mobile Home | Opportunity Zone |
Yes
|
| Apartment Style | Single Family Home |
| Price | $2,561,001 |
| Price Per Unit | $116,409 |
| Sale Type | Investment |
| Cap Rate | 7.65% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single Family Home |
| Building Class | C |
| Lot Size | 3.50 AC |
| Building Size | 21,270 SF |
| Average Occupancy | 99% |
| No. Stories | 1 |
| Year Built/Renovated | 1975/2022 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 11 | $1,200 | 780 - 845 |
| 3+2 | 11 | $1,400 | 900 |
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zoning
| Zoning Code | MH-1 (MH) |
| MH-1 (MH) |
-
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Wells Mobile Home Village | 2431-2433 Central Ave
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